Yesterday, Dave did a great job in describing the JOBS Act and how it would fast-track capital formation reform (we are posting memos on the Jumpstart Our Business Startups Act in our “IPOs” Practice Area). Dave also noted that the Senate was fast tracking the bill – and that some were questioning the measures in the bill.

As I’ve blogged before, count me among those that think this is a wrongheaded thing that Congress is doing in the capital formation area. This bill has nothing to do with jobs and everything to do with fewer protections for investors. I am not the only one who feels that way as noted in these articles (note that last one that argues that the bill won’t even be good for IPOs!):

As noted in this blog, it’s now pretty well known how scores of Chinese companies – that turned out to be fraudulent – listed their securities here in the US because they weren’t able to do so in China. As noted in this article from “The Telegraph,” the London Stock Exchange is exploring ambitious plans to push its junior AIM market into the United States. To be honest, I thought AIM was dead since so many of the companies that have gone public and listed there have since gone down the tubes. As noted in the article: “In 2007, Roel Campos, a commissioner at the Securities and Exchange Commission voiced his concerns that 30% of new firms listing on AIM “are gone in a year.”

Transcript: “Company Buybacks: Best Practices”

We have posted the transcript for our recent webcast: “Company Buybacks: Best Practices.”